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Over the weekend, $XRP delivered exactly what technical traders were waiting for — a precise touch of the macro 0.5 Fibonacci support at $2.03 🎯. This level has been acting as a critical decision zone, and the reaction so far is technically significant.
That support touch has now printed bullish divergences, suggesting selling pressure is weakening. This opens the door for a potential relief bounce in the short term.
📈 Expected Move: Subwave 2 in Progress?
From the current structure, XRP appears to be setting up for a move toward ~$2.26, which would complete a subwave 2 within the broader corrective structure.
However, this upcoming move is crucial.
Why? Because how price moves up matters more than how far it moves.
⚠️ What to Watch Next (Very Important)
📉 Bearish Scenario
If this next move up remains corrective (ABC structure) and gets rejected:
Failure to hold above $2.03
Breakdown of macro 0.5 support
High probability move toward $1.65 macro support
➡️ This would likely confirm a subwave 3 to the downside, which is typically sharp and aggressive.
📈 Bullish Scenario
The downside scenario becomes invalid only if XRP breaks and holds above $2.41.
A strong impulsive break above $2.41
No immediate rejection or double top
Confirms bullish continuation
🧭 Key Levels to Watch
Support
$2.03 (current & critical)
$1.65 (macro support)
Resistance
$2.26 (subwave 2 target)
$2.41 (key invalidation level)
🛠️ Trading Strategy Insight
Stop Loss (SL): Just below $2.03
Watch structure carefully:
Corrective move up + rejection = bearish continuation
Impulsive move up = bullish strength
⚠️ Note: Even a double top near $2.41 would still fit a corrective Wave 2 structure — so confirmation is key.
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